NOT LISTED FOR SALE

342 Stepney St Inglewood, CA 90302

North Inglewood Neighborhood
6 Beds
6 Baths
4,723 Sq Ft
7,511 Sq Ft Lot

Last Sold March 01, 2023

Last sale price $1,370,000 $290 Per Sq Ft

103 Days on Market

Highlights

  • Detached Garage
  • Wood Siding
  • Front Yard
  • Detached Carport Space

About This Home

As of March 2023

5 Unit Trust Sale, Unit # 1 Vacant, Great Investment Property Located in the Heart of the City Of Inglewood. Well maintained, Stable Tenants. Located in close proximity to Sofi Stadium, blocks from Downtown Inglewood, Market Street, Freeway Close. Very accessible to LAX Airport with wonderful Ample Parking. A must see building for the Savvy Owner/Investor. Please do not disturb tenants. Do not walkup or enter exteriors of property. Property is sold in as-is condition.

Last Agent to Sell the Property

Charles Grimes

Team Equity L.A. Property License #01085823 Listed on: 10/09/2022

Last Buyer's Agent

Nico Rosmarin

Lyon Stahl Investment Real Estate, Inc. License #02023847

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,511 Sq Ft Lot
  • Front Yard

Home Design

  • 4,723 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • Detached Garage
  • Detached Carport Space
  • Driveway

Additional Features

  • Disposal
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units
  • Vacancy Allowance $5,538

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for electricity, water
  • Assessor Parcel Number 4016-016-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Unknown
  • Street Number Display: Yes
  • Advertising Remarks: Great building in the heart of The City of Champions. 5 Unit Trust Sale, Great Investment Property Located in the Heart of the City Of Inglewood. Well maintained, Stable Tenants. Located in close proximity to Sofi Stadium, blocks from Downtown Inglewood, Market Street, Freeway Close. Very accessible to LAX Airport with wonderful Ample Parking. A must see building for the Savvy Owner/Investor. Please do not disturb tenants. Do not walkup or enter exteriors of property. Property is sold in as-is condition. Please Contact "Butch" Charles Grimes, 310-693-4681 or contact by email @ bgrimes@teamequityla.com. We are open to all offers subject to inspection & Notice of Proposed Action. TRUST Sale! Please send Email for OM.
  • Living Area: 4723
  • Lot Acreage: 0.1724
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 313.15

Exterior Features

  • Construction: Concrete, Stucco, Wood Siding
  • Other Structures: Stall(s)

Garage/Parking

  • Parking Garage: Carport Detached, Covered Parking, Detached, Driveway, Parking Space, Driveway - Concrete

Utilities

  • Electric Expense: 1018.00
  • Heating: Wall
  • Water Expense: 4474.00

Fee Information

  • Insurance Expense: 4717.00
  • Maintenance Expense: 4993.00

Lot Info

  • Assessed Improvement Percent: 13.04
  • Assessed Improvement Value: 116582
  • Assessed Land Percent: 86.96
  • Assessed Land Value: 777224
  • Total Assessed Value: 893806
  • Assessor Parcel Number: 4016-016-024
  • Lot Description: Front Yard
  • Lot Size Area: 7511

Rental Info

  • Total Actual Rent: 105222.00
  • Owner Pays: Electricity, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.00
  • Number Of Units: 5
  • Type Of Units: Multi Family
  • Vacancy Allow: 5538
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 13344.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2023 03/01/23 Sold $1,370,000 -7.4% $290 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
11/16/2022 11/16/22 Price Changed $1,479,000 -4.6% $313 / Sq Ft
10/09/2022 10/09/22 For Sale $1,550,000 +92.5% $328 / Sq Ft
09/25/2014 09/25/14 Sold $805,000 +1.3% $170 / Sq Ft View Prior Sale
07/24/2014 07/24/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $795,000 -- $168 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Charles Grimes

    Seller's Agent in 2023

    Charles Grimes

    Team Equity L.A. Property

    (323) 864-9906

    3 in this area

    18 Total Sales

    Charles Grimes
    Section Image
  • Nico Rosmarin

    Buyer's Agent in 2023

    Nico Rosmarin

    Lyon Stahl Investment Real Estate, Inc.

    (310) 425-9838

    2 in this area

    17 Total Sales

    Nico Rosmarin
    Section Image
  • Bob Friday

    Seller's Agent in 2014

    Bob Friday

    eXp Realty of Greater Los Angeles

    (310) 720-9979

    4 Total Sales

    Bob Friday
    Section Image

  • P

    Buyer's Agent in 2014

    Patsy Cobb

    Coldwell Banker Gene Armstrong

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-207925

The MLS
California Los Angeles County Inglewood 90302 North Inglewood

342 Stepney St, Inglewood, CA

Not Listed for Sale

MultiFamily

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